Mon, Apr 2 2018, 5:20 PM
One of my favorite recurring observations about financial markets is that the classic concept of "stocks vs bonds" doesn't always work. That's the on...
Mon, Apr 2 2018, 5:02 PM
Mortgage rates moved lower today as underlying bond markets generally followed a much bigger move in stocks. It's a common misconception that stocks a...
Mon, Apr 2 2018, 11:48 AM
Construction spending continued to have a hard time getting out of the 2018 starting blocks in February. Overall spending from both the public and pri...
Mon, Apr 2 2018, 9:20 AM
Last week saw a potentially significant development for bond markets with the break below key technical levels in 10yr yields and the yield curve. Fo...
Mon, Apr 2 2018, 9:15 AM
This year the usual Tax Day (April 15) falls on a Sunday, and the next day is Emancipation Day, a legal holiday in D.C. That means you have until midn...
Thu, Mar 29 2018, 2:46 PM
Bond markets closed early today and will be fully closed tomorrow for the Good Friday holiday. It was also "month-end," which can bring in additional...
Thu, Mar 29 2018, 2:28 PM
Mortgage rates were generally unchanged today, although a few lenders offered slight improvements. This stands in contrast to the noticeable improveme...
Thu, Mar 29 2018, 11:07 AM
ATTOM Data Solutions, formerly known to us as RealtyTrac, has released an affordability report which shows that median home prices in the first quarte...
Thu, Mar 29 2018, 9:13 AM
In the time I spend with loan officers (and I am fortunate to meet some top-notch producers), I hear plenty of stories about walking a real estate age...
Thu, Mar 29 2018, 8:55 AM
10yr yields had 3 big bounces at 2.80% in March, making it the only obvious candidate for the lower boundary of the recently sideways range. It was f...
Wed, Mar 28 2018, 5:13 PM
US bond markets improved in the overnight session as European markets drove yields lower around 3am. US 10yr yields fell below 2.75% as a result, an...
Wed, Mar 28 2018, 4:35 PM
Mortgage rates were sideways to slightly lower today, keeping/bringing them in line with the lowest levels in roughly 2 weeks (depending on the lender...
Wed, Mar 28 2018, 2:49 PM
The long-planned Uniform Mortgage-Backed Security (UMBS), designed to replace the current to be announced- (TBA) eligible MBS issued separately by Fan...
Wed, Mar 28 2018, 10:39 AM
While it didn't serve to completely recoup the 4.7 percent loss in January, pending home sales did snap back strongly in February . The National Assoc...
Wed, Mar 28 2018, 9:18 AM
Without a discussion on important technical levels and without looking at one of several pieces of technical analysis, yesterday looks like any other ...
Wed, Mar 28 2018, 9:13 AM
Supply and demand drive markets and prices, including luxury items and especially housing. What do you give the person who has everything? How about a...
Wed, Mar 28 2018, 8:27 AM
Applications for both refinancing and home purchases gained ground during the week ended March 23. The result was the largest week-over-week gains for...
Tue, Mar 27 2018, 5:23 PM
I'm not sure I've heard anyone genuinely say "oh my!" by way of exclamatory response in quite a while. But the odds increased today with a rather sur...
Tue, Mar 27 2018, 4:51 PM
As of yesterday, it looked like mortgage rates would be more interested in staying in a narrow, sideways range for the holiday-shortened Spring Break/...
Tue, Mar 27 2018, 10:18 AM
It should hardly come as a surprise, each month the report from the S&P CoreLogic Case Shiller home price report starts the same way, "home prices con...
Tue, Mar 27 2018, 9:20 AM
Studies indicate 1.2 billion people worldwide do not have proper shelter. A startup in Austin, Texas decided it would work to change that. Using a hea...
Tue, Mar 27 2018, 9:02 AM
Whether we're looking at shorter-term or longer-term charts, we're left with the sense that bonds aren't very interested in following any other market...
Mon, Mar 26 2018, 5:16 PM
With last Thursday's rally, bonds had a chance to challenge the prevailing sideways range (from 2.80-2.91 in 10yr yields). Friday's weakness was set ...
Mon, Mar 26 2018, 4:57 PM
Positive attitudes toward home buying still predominated in the National Association of Realtors® (NAR) most recent Housing Opportunities and Market E...
Mon, Mar 26 2018, 4:17 PM
Mortgage rates moved sideways to slightly higher today, keeping them in an exceptionally narrow range that's persisted for the entire month of March. ...
Mon, Mar 26 2018, 11:13 AM
It is conventional wisdom that homeownership is key to household wealth , and the National Association of Home Builders makes a convincing argument fo...
Mon, Mar 26 2018, 9:12 AM
If bond yields can manage to hold inside their recent range through the end of this week, they'll have gone an entire month with the lowest volatility...
Mon, Mar 26 2018, 9:04 AM
Interesting economic times, the latest example being gunmaker Remington filing for bankruptcy. Lenders wish things weren’t so interesting: Independent...
Fri, Mar 23 2018, 5:25 PM
Bonds showed both their hands early today. The first was seen in the overnight session when decent overseas buying demand pushed yields below the in...
Fri, Mar 23 2018, 4:57 PM
Mortgage rates were just barely higher in many cases today, although underlying bond markets recovered enough ground by the afternoon to suggest Monda...
Fri, Mar 23 2018, 1:10 PM
Per loan profits of Independent mortgage banks and mortgage subsidiaries of chartered banks fell dramatically in the fourth quarter of 2017. The Mortg...
Fri, Mar 23 2018, 12:34 PM
There was much better news in February than in January regarding new home sales. Those sales had been reported down by 7.8 percent on top of a 9.3 per...
Fri, Mar 23 2018, 11:14 AM
Mortgage rates have increased 49 basis points since the first of the year, with the 30-year fixed rate mortgage (FRM) standing at 4.44 percent on Marc...
Fri, Mar 23 2018, 9:14 AM
The Census Bureau defines millennials as those born between 1982 and 2000, which means this year their age ranges from 18 to 36. Many will argue that ...
Fri, Mar 23 2018, 8:31 AM
The past 2 days represented a nice little run for bonds, but unfortunately it may end up looking like one of those fool's errands that was destined ...
Thu, Mar 22 2018, 5:38 PM
Today was simple and straightforward in one sense. Stocks and bond yields (rates) were both moving lower, and that's something the two have been kn...
Thu, Mar 22 2018, 5:04 PM
Mortgage rates continued lower today on a combination of global reaction to yesterday's Fed Announcement and apprehension over new tariffs on China. T...
Thu, Mar 22 2018, 10:51 AM
As interest rates rise and refinancing declines, the impact is beginning to manifest in the loan prepayment rate . The single month mortality rate (SS...
Thu, Mar 22 2018, 10:07 AM
Home prices took a big leap in January , at least according to the Federal Housing Finance Agency's (FHFA's) seasonally adjusted House Price Index (HP...
Thu, Mar 22 2018, 9:27 AM
The 5-point surge in the share of refinancing loans that closed in January didn't survive the month. Ellie Mae's Origination Insight Report shows that...
Thu, Mar 22 2018, 9:15 AM
One of my favorite things to do is to push back on news media bandwagons with indignation and incredulity. Today provides a great opportunity for tha...
Thu, Mar 22 2018, 9:13 AM
“Skin in the game” is a key component for lower delinquency and foreclosure rates, as borrowers have come up with required down payments. Mortgage inv...
Wed, Mar 21 2018, 6:08 PM
If you're not up to speed on a few of the funniest scenes from Monty Python and The Holy Grail, this analogy is going to be tough to follow. In the i...
Wed, Mar 21 2018, 5:22 PM
Mortgage rates rose to new 4-year highs this morning as lenders took a defensive stance ahead of the afternoon's Fed Announcement. The caution proved ...
Wed, Mar 21 2018, 2:04 PM
Information received since the Federal Open Market Committee met in December January indicates that the labor market has continued to strengthen an...
Wed, Mar 21 2018, 1:02 PM
Who's afraid of growing up? Apparently not Generation Z. The post-Millennial crop of kids, those born in 1995 and later, are already moving into homeo...
Wed, Mar 21 2018, 11:01 AM
Sales of existing homes reversed direction in February after sliding for two consecutive months. The National Association of Realtors® (NAR) said comp...
Wed, Mar 21 2018, 10:11 AM
Natural disasters were the backdrop for mortgage loan performance in 2017. CoreLogic has previously reported on delinquencies in Houston and throughou...
Wed, Mar 21 2018, 9:28 AM
This is a quick guide designed to help you approach this afternoon's Fed events in a logical and useful way.
What's Happening Today and When?
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Wed, Mar 21 2018, 9:15 AM
Ever wanted to read a story, or recommend it to those who might find it interesting, titled, “Blockchain-Based Residential Real Estate Network Democra...
